πMacaron is excited to announce that you are able to Swap and Add Liquidity now.
β Swap: https://t.co/FZGrgDGqKn
β Liquidity: https://t.co/WPbFXvvngg
π₯Explore Macaron now and become early users to receive more rewards.
#MantaPacific#MantaNewParadigm#Macaron#DEX
π± $900M TVL on #MantaPacific
With over $850m from #MantaNewParadigm and $50m from the native bridge, Manta Pacific is the fastest-growing L2. Learn why π§΅π
LayerBank's growth is unstoppable.
In the past three weeks, it has seen over a 4700% increase, and LayerBank's contribution to @MantaNetwork's total TVL has reached an impressive 75%. Beyond TVL, LayerBank's transaction volume on the #MantaPacific has exceeded 46,000 in the last 7 days alone, the highest among DeFi projects, despite being a lending protocol.
Since the inception of the #NewParadigm, we have introduced caps to ensure a safer environment, implemented improved risk management processes, and increased caps after thorough analysis. These measures have enabled us to achieve both remarkable growth and enhanced safety.
Currently, LayerBank's outstanding loans amount to $54M. Of this, the $wUSDM/ $STONE pool represents $38M, accounting for 85% of the total. However, an analysis of our entire user database revealed that 98% of users engage in same-asset loans through looping, which provides significant safety against liquidation in the event of price fluctuations. Our main goal since the start of the #MantaNewParadigm event has been to provide such a secure DeFi money market while improving the overall capital efficiency of Manta.
New DApps are continually joining the #MantaNewParadigm, and the total value of $wUSDM/ $STONE in the entire Dex is around $20M. This demonstrates that even without bridge support, the #MantaPacific DeFi ecosystem is thriving, and LayerBank is in a strong position.
As the Manta New Paradigm approaches its culmination on January 16th, you will still have access to the ecosystem and more opportunities for airdrops.
Therefore, we encourage you to take full advantage of LayerBank's significantly large money market and delve deeper into the Manta DeFi ecosystem.
9/ What is the Manta New Paradigm?
New Paradigm is a liquidity incentive activity within the Manta ecosystem launched by the Manta Pacific. New Paradigm unlocks native yield for ETH and stablecoins, revolutionizing the traditional multisig lock.
8/ What is new to Manta Pacific?
Manta Pacific concentrates Decentralized Finance (DeFi) and gaming.
Besides, it provides Universal Circuits and Zero-Knowledge libraries to help developers develop applications that respect personal information of users.
π This week, Web3 saw a $2.8B TVL dip. Major chains accounted for $2.2B of the losses.
πΌ On the flip side, @MantaNetwork defied the trend, experiencing an astonishing 20x growth in just 3 weeks β soaring from $18M to an impressive $356M today!
π Exciting News! @MantaNetwork has officially secured the top spot Layer 2 community growth project across the entire crypto market!
π₯ Manta is leading the way in innovation and community expansion.
π Follow @Manta_News_ for all the latest updates on @MantaNetwork
π AMA Alert!
Tune in to learn more about our #NewParadigm DeFi partner @ShoebillFinance and their incredible growth on #MantaPacific!
π Mark your calendars: Jan 10th, 3:00 PM SGT / 08:00 AM CET
ποΈ https://t.co/6egckwCQ6t